Asset Risk Consultants (ARC) has appointed Stephen McMahon as CEO of the ARC Group as the advisory and research consultancy ratchets up the next phase of its growth strategy.
Stephen, who remains Managing Director of ARC’s Jersey office and has worked for ARC since joining the group in 2008 from the Bank of England, takes over from ARC’s founder Graham Harrison, who becomes the Group’s Executive Chairman.
Launched in 1995, ARC now employs more than 70 consultants, analysts, developers and support staff serving a global client base, with offices in London, Guernsey, Jersey and Toronto.
There are three parts to the ARC business – investment consulting to UHNW private clients and charities; manager research; and performance reporting for professional intermediaries.
Stephen McMahon, ARC Group CEO, says: “It’s a privilege to be able to take over the reins from Graham, who I have worked alongside for the best part of 15 years, as we look to continue building solid foundations for scalable international growth.
“When I joined the company there were just 22 of us. Now we have more than 70 staff members – and the plan is to continue to deliver sustainable growth across all our business lines.”
To help lead strategic growth initiatives, ARC has made several other promotions and new hires.
Andrew Pollock, formerly a director at ABN AMRO Asset Management Guernsey has been appointed as Managing Director of ARC Guernsey.
Wayne McArdle joins the board of ARC UK as Chairman, formerly a senior partner at Gibson, Dunn and Crutcher LLP. David Bartlett has been appointed Group COO, having formerly been head of IT, with Lucy Le Prevost being promoted to Head of Software Development.
Graham Harrison says: “The appointment of Steve as Group CEO and promotions within the business reflects an ARC culture that seeks to support internal career development. Empowering staff is, I believe, essential if a firm is to grow sustainably and deliver a consistent quality of advice to its clients.”